# AQ Group completes acquisition of Schaffner's Power Magnetics Division

AQ Group AB closed the deal to acquire Schaffner Group's Power Magnetics Division on July 1, 2021. The acquired entities will be renamed AQ Inductive Components Germany GmbH, AQ Transformer Solutions Inc., and AQ Power Magnetics Shanghai Co. Ltd.

- Type: Acquisition
- Announced: 2021-07-01
- Status: completed
- Products: inductive components, transformers, power magnetics
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AQ Group](https://endata.com/companies/31782.md) (acquirer)
- [Schaffner Group](https://endata.com/companies/54482.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/aq-group/r/aq-group-s-acquisition-of-schaffner-s-power-magnetics-division-is-completed,c3377285), 2021-07-01: "AQ Group AB has today, July 1, 2021, closed the deal with Schaffner Group to acquire its Power Magnetics Division."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.